Suppose That You Randomly Pick a Digit 0 Through 9 $3$

question 74

Short Answer

Suppose that you randomly pick a digit 0 through 9. You will be paid $ $3$ if you select a prime number 3 or larger. You will not receive anything for any other outcome. How much should you be willing to pay for the privilege of playing this game, to the nearest cent? $ __________

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Definitions:

Status Bit

A binary indicator used within computing and digital electronics to represent the current state or condition of a system or component.

Switches

Devices used to connect or disconnect electrical circuits, allowing for the control of power flow or signal paths in a system.

Pushbuttons

Manual switches that, when pressed, complete an electrical circuit to initiate a function or process.

PLC

Stands for Programmable Logic Controller, an industrial digital computer which has been ruggedized and adapted for the control of manufacturing processes, such as assembly lines, or robotic devices.